IBC is not a panacea for all ills: MS Sahoo
The insolvency and Bankruptcy Code (IBC) enables the market with the choices of resolution but it should not be considered...
Year: 2021
ED attaches Rs 233 crore convertible preference shares of HDIL group companies
The Enforcement Directorate has attached partly paid compulsorily Convertible Preference shares worth Rs 233 crore of HDIL group companies under...
Should Swiss Challenge Method be adopted for auction of assets under liquidation?
Is Swiss Challenge Method the best way for realising maximum value of an asset under liquidation? A consultation paper floated...
Do not entertain unsolicited revision in resolution plans, suggests insolvency regulator
Taking note of the fact that request for revision of resolution plans multiple times, and submission of unsolicited plans cause...
Issuer can submit claims if bank guarantee is invoked during CIRP, clarifies Insolvency regulator
Should a live Bank Guarantee (BG) or Letter of Credit (LC) be considered as claims in a corporate insolvency resolution...
Govt proposes sweeping changes to strengthen the liquidation process
In a consultation paper floated on 27 August 2021, the insolvency regulator in India – Insolvency and Bankruptcy Board of...
A code of conduct for CoC, finally
The Code of Conduct for Committee of Creditors is finally going to be true. In a consultation paper released on...
IBC has helped balance the interests of different stakeholders: CEA K Subramanian
The Insolvency and Bankruptcy Code (IBC), 2016 has helped in balancing the interests of various stakeholders, thereby, creating an optimal...
Strong buffers will help Indian banks withstand rising asset risks from coronavirus resurgence: Moody’s
A second wave of coronavirus infections in India is increasing asset risks for banks, exacerbating stress among individuals and small...
Why NCLT rejected one-time settlement proposal of Siva Industries promoter
The Chennai bench of the National Company Law Tribunal (NCLT) has cancelled the one-time settlement under section 12A of the...